New CEO Appointed for BioMar Group

DENMARK - Torben Svejgard, who has been Group CEO in BioMar since 2008, has resigned from his position in order to focus on a career as a full-time board member.

The BioMar board has appointed Vice President Carlos Diaz as new Group CEO. He will take over the seat from Torben Svejgard sometime towards the end of the year.

Torben Svejgard says about his decision: "My six years with BioMar have been fantastic. Aquaculture is an exciting industry and BioMar is a wonderful company with wonderful and smart people. It has thus been a very difficult decision for me to resign, but this is the right time for me to withdraw from the executive life and seek a new career path as a non-executive."

Chairman of the board, Jens Bjerg Sorensen, says: "First I want to thank Torben for his contribution to BioMar's development over the past 6 years.

"His successor Carlos has been with BioMar since 2000 and after a strong career in the Chilean organisation he has during the last years broadened his responsibility area successfully, so he today has responsibility for the two Regions Americas and Continental Europe and on top of that he is the overall responsible for business development. I and the board are thus confident that we in Carlos have a strong Group CEO, who can lead the company towards new heights."

Carlos Diaz is 45 years old, has a background as a veterinarian and holds an MBA with specialization in marketing and commercial management. Before BioMar he has been working in the aquaculture industry in some Chilean companies, as well as in the pharmaceutical industry.

Commenting his appointment Carlos Diaz says: " I am pleased and happy to take this new professional challenge in my career and contribute to consolidate and grow BioMar as a global leader in fish feed. I am sure that with all the good people in the company we can continue making a difference and creating value for our customers, employees and shareholders".